New Issue: ABN Amro sells $3.6 million 17.75% reverse exchangeables linked to Frontline

By Jennifer Chiou

New York, April 4 - ABN Amro Bank NV priced $3.6 million of 17.75% reverse exchangeable notes due April 5, 2007 linked to Frontline Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Issuer:	ABN Amro Bank NV
Issue:	Reverse exchangeable senior medium-term series A notes
Underlying stock:	Frontline Ltd.
Amount:	$3.6 million
Maturity:	April 5, 2007
Coupon:	17.75%, payable quarterly
Price:	Par
Payout at maturity:	If Frontline stock closes below the initial price of $33.49, 29.86 Frontline shares per $1,000 principal amount; otherwise par in cash
Exchange ratio:	29.86
Initial price:	$33.49 (closing price of stock on pricing date)
Pricing date:	March 31
Settlement date:	April 5
Underwriters:	ABN Financial Services, Inc., ABN Amro Inc.
Distribution:	Off shelf

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